www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29205276
29205277

500 Southwest Grady Wy, Renton, WA 98057 For Sale

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$6,310,000
190 days on market
Updated 64 days ago

Crash Champions | New 15-Year Corporate-Guaranteed NNN Lease

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 15,000
Net Rentable (SqFt) 15,000
Units 1
Cap Rate 6.02%
NOI $379,650
Occupancy 100%
Tenancy Single
Brand/Tenant Crash Champions
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options Four (4) 5-Year Options
Price per SqFt $421
Broker Co-Op Yes
Year Built 1998
Year Renovated 2026
Buildings 1
Stories 1
Acreage 1.470
Zoning CA - Commercial Arterial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2025
Ground Lease No
Ownership Fee Simple

Rare 12.5% Rental Increases | 2026 Renovations

Marketing description

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a corporate Crash Champions collision repair facility located in core Renton, WA (Seattle MSA). The Property features a brand-new 15-year NNN lease that commenced November 1, 2025, with a corporate guarantee from Crash Champions, one of the largest and fastest-growing collision repair operators in the United States with over 650 locations across 38 states. The Lease also includes rare 12.5% rent increases in Year 5 and Year 11 of the initial term and in each option period, providing a strong hedge against inflation and meaningful embedded NOI growth. In 2022 Crash Champions purchased the operations of a successful collision shop leasing a portion of the building, then expanded its occupancy in 2024, and recently completed its expansion to occupy the entire premises, including the 15,000 SF building, demonstrating long-term commitment to the site and continued operational success. The Property benefits from dense, affluent demographics, serving approximately 266,000 residents within a five-mile radius with average household incomes exceeding $116,000. Additionally, the asset is located in Washington, an income tax-free state, enhancing after-tax returns for investors seeking stable, long-term cash flow in a core Seattle-area submarket.

Investment highlights

Brand-New 15-Year NNN Lease

Strong Corporate Guarantee (650+ Locations)

Rare 12.5% Rent Increases

Tenant Expansion & Full-Building Occupancy

Meticulously Maintained Property with Zero Deferred Maintenance

10+ Year Transferable Roof Warranty

Planned Tenant Renovations

Strategic Auto-Oriented Location and Historical Occupancy

Dense, Affluent Demographics

Low Vacancy Submarket and Strong Market Rent Growth

Income Tax Free State

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$379,650.00
$31,637.50/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
Name
Trevor Lane
License
24007779
Brokerage
Marcus & Millichap
Title
Brokerage Coordinator
Brokerage Address
401 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591